China is rolling out the red carpet for foreign businesses! Officials announced major updates on Wednesday to boost international investment, including expanding industries open to overseas partners and streamlining data-sharing rules for financial firms. The move aims to strengthen cross-border cooperation while keeping the economy buzzing with fresh opportunities.
At a State Council media briefing, Hua Zhong from the National Development and Reform Commission revealed plans to widen the 'Catalogue of Encouraged Industries for Foreign Investment.' Think green tech , digital innovation
, and healthcare
– these sectors are getting VIP treatment to attract global players.
Foreign financial institutions also scored a win: simplified data flow regulations will cut operational costs, making it easier to tap into China's dynamic markets. The policies follow a recently released action plan focused on high-level opening-up – a clear signal that China’s doors are wide open for business collabs!
Reference(s):
Officials introduce China's latest moves to boost foreign investment
cgtn.com